Conoco Details Venezuela Service Efforts In $8.75B Award Suit

Law360 (August 26, 2019, 6:48 PM EDT) -- ConocoPhillips on Monday outlined its attempts to serve Venezuela with a suit seeking to enforce an $8.75 billion award, responding to a New York federal court order that asked for details on its efforts.

U.S. District Judge Carl J. Nichols had asked the energy company for details on its service attempts on Thursday. The company said it is still in the process of serving Venezuela, and as such, its petition to confirm the International Centre for Settlement of Investment Disputes award, issued March 8, should not be dismissed without prejudice.

ConocoPhillips said that its service efforts are governed by the Foreign Sovereign Immunities...

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